Market Forecast By Types (Mobile Crane, Fixed Crane, Marine and Offshore Crane), By Applications (Industrial Applications, Marine and offshore, Mining and Excavation, Construction), By Countries (China, India, Japan, Australia, Malaysia, Thailand, Indonesia, Rest of Asia Pacific) and Competitive Landscape
Product Code: ETC001650 | Publication Date: Jan 1970 | Updated Date: Dec 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 | |
Report Name | Asia Pacific (APAC) Crane Market |
Forecast period | 2025-2031 |
CAGR | 7.5% |
Growing Sector |
Construction |
The Asia Pacific (APAC) Crane Market report thoroughly covers the market by Types, Applications, and Countries. The market report provides an unbiased and detailed analysis of the ongoing market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
The Asia Pacific (APAC) Crane Market is witnessing significant growth in the coming years. The growth of the market is attributed to rapid urbanization, growing population, technological advancements, and government initiatives. However, the market is also facing some hurdles that have a negative impact on the market growth.
According to 6Wresearch, the Asia Pacific (APAC) Crane Market size is expected to grow at a significant CAGR of 7.5% during 2025-2031. The Asia Pacific region is experiencing urbanization and industrialization in recent years. This is a primary driver for the market as a crane is required for lifting heavy materials. Many countries in this region are investing in infrastructure projects to boost their economy as well as change the lifestyles of the people. To construct infrastructure such as roads, airports, and railways, cranes are required thus driving the market. The rising construction activities in various sectors such as residential and commercial due to the rise in disposable income of the people and changing preferences are further driving the market growth.
The high initial cost of purchasing and maintaining cranes is a major challenge for small and medium-scale businesses. Operating cranes requires proper skills and training which is in shortage in the Asia Pacific region. Cranes are heavy and complex machinery that require strict safety measures to be followed during operation, which is another challenge for the market.
Some of the key players in the APAC crane market include Zoomlion Heavy Industry Science and Technology Co. Ltd., Sany Group, Tadano Ltd., Kobelco Construction Machinery Co., Ltd., and XCMG Group. These companies dominate the market with their wide range of products and services, technological advancements, and strong distribution networks.
Government initiatives have played a significant role in boosting the crane market in this region. One such initiative is the implementation of building codes and safety regulations. These codes ensure that all construction projects stick to safety standards, including the use of safe and reliable equipment like cranes. Governments have also introduced subsidies and tax incentives to encourage companies to invest in modern and efficient crane technologies. Moreover, governments are also investing in the development and modernization of port infrastructure, which requires heavy lifting equipment like cranes. Additionally, governments are also promoting sustainable construction practices by encouraging the use of eco-friendly and energy-efficient cranes.
The Asia Pacific crane market is expected to witness steady growth in the coming years due to ongoing infrastructure developments and investment initiatives by governments. The growing population and urbanization will drive the market further. Technological advancements have made cranes work more efficiently and accurately, and are also expected to shape the future of the market. The rise in disposable income of the people and commercial and residential projects will further drive the market in the future.
According to Ravi Bhandari, Research Head, 6Wresearch, China holds the dominant position in the market as they have a large construction industry, and the government is also investing heavily in infrastructure development projects.
The mobile crane segment is expected to dominate the market due to its high flexibility, and easy manoeuvrability which are suitable for various applications such as construction, mining, and industrial projects.
Based on the applications, the construction segment holds the dominant position in the market due to rapid urbanization and an increase in infrastructural projects in many countries.
The report provides a detailed analysis of the following market segments:
1. Executive Summary |
2. Introduction |
2.1 Report Description |
2.2 Key Highlights |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3. Asia Pacific Crane Market Overview |
3.1 Asia Pacific Crane Market Revenues and Volume, 2021-2031F |
3.2 Asia Pacific Crane Market Revenue Share, By Types, 2021-2031F |
3.3 Asia Pacific Crane Market Revenue Share, By Applications, 2021-2031F |
3.4 Asia Pacific Crane Market Revenue Share, By Regions, 2021-2031F |
3.5 Asia Pacific Crane Market - Industry Life Cycle |
3.6 Asia Pacific Crane Market - Porter’s Five Forces |
4. Asia Pacific Crane Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5. Asia Pacific Crane Market Trends |
6. Asia Pacific Crane Market Overview, by Types |
6.1 Asia Pacific Mobile Cranes Market Revenues and Volume, 2021-2031F |
6.2 Asia Pacific Fixed Cranes Market Revenues and Volume, 2021-2031F |
6.3 Asia Pacific Marine & Offshore Cranes Market Revenues and Volume, 2021-2031F |
7. Asia Pacific Crane Market Overview, by Applications |
7.1 Asia Pacific Crane Market Revenue and Volumes, By Industrial, 2021-2031F |
7.2 Asia Pacific Crane Market Revenue and Volumes, By Construction, 2021-2031F |
7.3 Asia Pacific Crane Market Revenue and Volumes, By Mining & Excavation, 2021-2031F |
7.4 Asia Pacific Crane Market Revenue and Volumes, By Marine & Offshore, 2021-2031F |
7.5 Asia Pacific Crane Market Revenue and Volumes, By Others, 2021-2031F |
8. India Crane Market Overview |
8.1 India Crane Market Revenues and Volume, 2021-2031F |
8.2 India Crane Market Revenues and Volume, By Types 2021-2031F |
8.3 India Crane Market Revenues and Volume, By Applications 2021-2031F |
8.4 India Crane Market Revenues and Volume, By Countries 2021-2031F |
9. China Crane Market Overview |
9.1 China Crane Market Revenues and Volume, 2021-2031F |
9.2 China Crane Market Revenues and Volume, By Types 2021-2031F |
9.3 China Crane Market Revenues and Volume, By Applications 2021-2031F |
10. Japan Crane Market Overview |
10.1 Japan Crane Market Revenues and Volume, 2021-2031F |
10.2 Japan Crane Market Revenues and Volume, By Types 2021-2031F |
10.3 Japan Crane Market Revenues and Volume, By Applications 2021-2031F |
11. Australia Crane Market Overview |
11.1 Australia Crane Market Revenues and Volume, 2021-2031F |
11.2 Australia Crane Market Revenues and Volume, By Types 2021-2031F |
11.3 Australia Crane Market Revenues and Volume, By Applications 2021-2031F |
12. Malaysia Crane Market Overview |
12.1 Malaysia Crane Market Revenues and Volume, 2021-2031F |
12.2 Malaysia Crane Market Revenues and Volume, By Types 2021-2031F |
12.3 Malaysia Crane Market Revenues and Volume, By Applications 2021-2031F |
13. Thailand Crane Market Overview |
13.1 Thailand Crane Market Revenues and Volume, 2021-2031F |
13.2 Thailand Crane Market Revenues and Volume, By Types 2021-2031F |
13.3 Thailand Crane Market Revenues and Volume, By Applications 2021-2031F |
14. Indonesia Crane Market Overview |
14.1 Indonesia Crane Market Revenues and Volume, 2021-2031F |
14.2 Indonesia Crane Market Revenues and Volume, By Types 2021-2031F |
14.3 Indonesia Crane Market Revenues and Volume, By Applications 2021-2031F |
15. Rest of Asia Pacific Crane Market Overview |
15.1 Rest of Asia Pacific Crane Market Revenues and Volume, 2021-2031F |
16. Asia Pacific Crane Market Competitive Landscape |
16.1 Asia Pacific Crane Market Revenue Share, By Companies,2021 |
16.1.1 India Crane Market Revenue Share, By Companies, 2021 |
16.1.2 China Crane Market Revenue Share, By Companies, 2021 |
16.1.3 Japan Crane Market Revenue Share, By Companies, 2021 |
16.1.4 Australia Crane Market Revenue Share, By Companies, 2021 |
16.1.5 Malaysia Crane Market Revenue Share, By Companies, 2021 |
16.1.6 Indonesia Crane Market Revenue Share, By Companies, 2021 |
16.1.7 Thailand Crane Market Revenue Share, By Companies, 2021 |
16.2 Asia Pacific Crane Market Competitive Benchmarking, By Operating Parameters |
17. Company Profiles |
18. Key Strategic Recommendations |
19. Disclaimer |
Market Forecast By Types (Mobile Crane, Fixed Crane, Marine and Offshore Crane), By Applications (Industrial Applications, Marine and offshore, Mining and Excavation, Construction), By Countries (China, India, Japan, Australia, Malaysia, Thailand, Indonesia, Rest of Asia Pacific) and Competitive Landscape
Product Code: ETC001650 | Publication Date: Mar 2020 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 200 | No. of Figures: 90 | No. of Tables: 30 |
Asia Pacific crane market has registered robust growth due to surging demand for construction equipment, developing infrastructure and increasing mining industries. Various developing countries are presenting different improvements and guidelines for expanding the infrastructure which drives the demand for the crane market in the Asia Pacific for public and private buildings. Asia Pacific market is projected to register a decline in demand during 2020, due to the occurrence of COVID-19, which has lead to an economic slowdown globally. Major countries in the Asia Pacific region has witnessed a lockdown during the first half of 2020
According to 6wresearch, Asia Pacific (APAC) Crane Market is expected to grow during 2020-2026. The demand for cranes in the utility sector is increasing in the Asia Pacific region owing to rapid urbanization and modernization. In the Asia Pacific region, China is the leading crane market due to the presence of the largest manufacturers of cranes all over the world. The government of China has pushed the infrastructure industry to bypass projects for the development of road construction, smart city, and other public services, which would create demand for the crane market. Moreover, India consists of flourishing industries in the construction sector owing to rapid urbanization, increasing population, and growing government expenditure in infrastructure projects leading to the growth of the Asia Pacific crane market.
Based on types, the mobile crane segment is expected to dominate the Asia Pacific crane market as it provides a high level of strength and flexibility as related to other cranes. Mobile cranes are expected to be less time-consuming as compared to manual workers. Furthermore, the construction segment is also projected to grow in this region due to growing infrastructural activities in a commercial and residential area during the forecast period.
The Asia Pacific Crane Market report comprehensively covers the market by types, applications and countries including India, China, Japan, Australia, Malaysia, Thailand, Indonesia, and the Rest of the Asia Pacific region. The Asia Pacific Crane market outlook provides an unbiased and detailed analysis of the on-going Asia Pacific Crane market trends, opportunities/high growth areas, and market drivers which would help the stakeholders to devise and align their market strategies according to the current and future market dynamics.
Asia Pacific crane market is anticipated to register sound revenues during the forecast period 2020-26F on the back of the profound growth of construction, mining, and oil & gas industries. Additionally, less human intervention with physical work which is leading to declining in labor injuries during construction work is expected to augment the adoption of cranes for carrying forward the construction activities effectively and is anticipated to leave a positive impact on the overall market growth of Asia Pacific crane market and in the countries, especially, Japan and India were, the construction sector is experiencing significant with scaling development each year. Moreover, the India crane market is estimated to generate lucrative opportunities in the market owing to the launch of bullet trains, a project on which the country is working and is about to accomplish in the coming timeframe. The high degree construction of bullet trains require crane machines to lift heavy objects during the development of train structure and is anticipated to generate significant demand projections for crane machines in the country for the same in the coming years and is anticipated to benefit the Indian crane market which is, further, expected to leave a positive impact on the growth of the Asia Pacific crane market during the forecast period.
Asia Pacific crane market is anticipated to gain traction in the forthcoming years backed by the rise in the potential growth of the retail, transport, and manufacturing sectors. Additionally, the automotive industry especially India, Japan, and China is gaining popularity due to an increase in the adoption of electric vehicles and has led to rising manufacturing and maintenance process and as a result, is likely to require overhead cranes to lift automobile parts which are act as a positive factor driving impressive growth of the Asia Pacific Cranes Market in the coming years. The major key players in the Asia pacific cranes market are Zoomlion heavy industry science & technology Co. Ltd., Furukawa Unic corporation, Link-belt corporation Equipment Co.
Key Highlights of the Report:
Markets Covered
The Asia Pacific Crane Market report provides a detailed analysis of the following market segments:
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